Shale Gas Not to Impact Conventional Energy

Abdullah bin Hamad al-Attiyah, President of the Administrative Control and Transparency Authority of Qatar has said that rapid development in the shale gas sector will not pose competition to conventional gas, but only to other sources such as coal and nuclear energy.

“I see shale gas complementing conventional energy; it will prolong the availability of the non-renewable conventional energy, may be even beyond 200 years,” al-Attiyah told Gulf Times on the side lines of the ExxonMobil 2013 Energy Outlook Forum.

He added that with growing demand for energy in India and China, both conventional and shale gas will have takers.

al-Attiyah said that the world energy market is changing rapidly. “And those changes will recast our expectations about the role of different countries, regions and fuels over the coming decades. We are living at a time of game-changers across the fuel spectrum and these will present both new opportunities and challenges,” Gulf Times reported al-Attiyah as saying.